Signal explorer

$100M commitment to Kingswood Capital (two strategies).

$100M commitment to Macquarie Infrastructure Partners VII.

$100M commitment to Gridiron Capital Fund VI.

$200M commitment to Green Equity Investors X.

Trimmed private-equity target amid compressed returns and liquidity pressure (reported among several systems).

At the April 30-May 1, 2026 board meeting, the Governance Committee and Trustees approved an amendment to the Investment Policy Statement allowing a 2% increase in the maximum amount that can be invested with any single external manager. Rationale cited growth through strong investment performance and changes to TRS' Strategic Asset Allocation that have put more capital to work.

Commitment to HarbourVest Hydro (core infrastructure).

Commitment to Blackstone Voltron Co-Invest.

Commitment to Quantum Energy Partners IX-O.

Commitment to TA Investors Thunderbolt.

Commitment to Encore Consumer Capital Fund V.

Commitment to Thrive Capital Partners X.

Commitment to LGP Co-Invest.

$200M commitment to Carlyle Global Infrastructure Opportunity Fund II.

$350M commitment to Cerberus Proper Partners.

$69M commitment to Riverstone Iris Continuation Fund.

$125M commitment to Asana Partners Fund IV.

Approved $725M in commitments across private equity and real estate.

$75M commitment to Verto Logistics JVCo.

$100M commitment to Sage Equity Investors.

$200M commitment to MSD Hospitality Partners.

$250M commitment to Blue Owl Real Estate Fund VII.

$55M commitment to Radical Ventures IV.

$60M commitment to Altimeter.

$150M commitment to Northampton Capital Partners.

$400M commitment to Blue Owl Real Estate.